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KSi Daily Report: Friday, 13 January 2017

The week ended unchanged as both stock indices maintained on Friday’s POMSOX trading session. The Kina Securities main index KSi was steady at 4,815.25 points and likewise the Kina Securities Home Index KSHi evened out at 10,628.45 points.

All stocks traded today were unmoved.

Banking and finance stocks Bank South Pacific Ltd (BSP) and Kina Securities Ltd (KSL) were both unchanged at K9.00 and K2.70 flat respectively. Credit Corporation Ltd (CCP) closed at K1.88 followed by Oil Search Ltd (OSH) at K17.50 flat.

A total of 14,025 shares were recorded with a tradable value of K109,499.90.

In offshore news, U.S share market finished lower in overnight trading as investors were left unimpressed with the lack of policy detail in Trump’s first press conference. The Japanese shares bounced back from two-week lows as the Nikkei share average rose 0.7% to close higher at 19,268.05 points. The Australian stock market declined following negative lead overnight from Wall Street amid continued uncertainty about Trump’s economic policies. the S&P/ASX 200 benchmark index lost 50.50 points or 0.88% to end lower at 5,716.40 points.

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